$BTC Rejection at 119K | Eyes on 112K Retest as RSI Cools Down

Bitcoin faces strong rejection near the $119K resistance zone, showing signs of a cooling market as the RSI exits the overbought territory. Historically, BTC tends to revisit key structural levels after such overheated moves. A favorable re-test zone lies between $114K and $112K, with $112K aligning closely with the previous all-time high — a psychologically significant support area.
Support levels to watch: $112K (favorable retest) and $110K (strong base).
As RSI continues to cool, keep an eye on bullish reactions around these levels for potential entries.